Oireachtas Joint and Select Committees

Thursday, 14 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

But why do you feel it so important to, to emphasise the point that property was not too high a percentage of the bank's overall lending? What is the essential difference? If you're saying that we basically lent too much money to the property sector but it didn't account for too high a proportion of our, of our overall lending, what's the significance of that?

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